Euro FX positioning
Leveraged funds are net short 44,261 futures contracts in the CFTC’s EURO FX contract. Every figure below comes from the file linked on this page, and the arithmetic that produced it is written out so you can redo it.
Report as of October 6, 2026, released by CFTC October 9, 2026. That is the CFTC’s scheduled release — Tuesday’s positions, published the Friday of the same week at 15:30 ET. A US federal holiday moves the release to the following Monday.
Source: CFTC Commitments of Traders (US government, public domain — redistribution permitted). Read the same week from the CFTC’s own file: Traders in Financial Futures · CFTC release page
Check this number yourself
- Open the CFTC’s own row for this contract and this week: https://publicreporting.cftc.gov/resource/gpe5-46if.json?$where=contract_market_name%3D'EURO%20FX'%20AND%20report_date_as_yyyy_mm_dd%3D'2026-10-06'
- Find
lev_money_positions_longandlev_money_positions_short. - Subtract the second from the first. That is the net position printed above: -44,261.
- The whole file, unfiltered, is Traders in Financial Futures, published on the CFTC release page. Release for this report: October 9, 2026, 15:30 ET (scheduled; a US federal holiday moves it to the following Monday).
The last 12 reports
| Report week | Net position | Week over week |
|---|---|---|
| October 6, 2026 | -44,261 | -4,996 |
| September 29, 2026 | -39,265 | -12,571 |
| September 22, 2026 | -26,694 | +1,462 |
| September 15, 2026 | -28,156 | +5,129 |
| September 8, 2026 | -33,285 | +4,888 |
| September 1, 2026 | -38,173 | +186 |
| August 25, 2026 | -38,359 | +19,357 |
| August 18, 2026 | -57,716 | +2,884 |
| August 11, 2026 | -60,600 | -8,395 |
| August 4, 2026 | -52,205 | +12,993 |
| July 28, 2026 | -65,198 | -8,527 |
| July 21, 2026 | -56,671 | -2,980 |
The rank and the week count above use the 156 weekly nets ending at October 6, 2026 — the last 12 of them are printed here; the rest are in the same CFTC file.
How this is calculated
Net position is long minus short, in futures contracts, for the largest speculator group the CFTC reports in that market. Futures only; options are not included. Those are two named columns of the CFTC row linked above:
- Leveraged Funds in the Traders in Financial Futures file:
lev_money_positions_long − lev_money_positions_short
Week over week is this week’s net minus the previous report’s net for the same contract.
The 156-week rank is a plain empirical rank, not a z-score and not a fitted distribution: take the 156 weekly nets ending at this report (156 weeks is three years), count how many are below this week’s, divide by 156, round. A rank of 90 means 90% of those weeks sat below this one. Below 156 observations the column prints an em dash and no label is derived from it.
Weeks since positioning was last this extreme is counted from the same 156 nets. When the rank is 50 or above it is the number of weeks back to the most recent earlier week whose net was greater than or equal to this week’s; below 50 it is the most recent week whose net was less than or equal. If no week in the window qualifies, the page says so instead of printing a number.
Labels. A rank at or above 90 prints “Crowded long”, at or below 10 prints “Crowded short”, and everything between prints nothing at all.
What this cannot tell you
- Only positions at or above the CFTC’s reporting levels are sorted into categories. Every participant below them appears only in the report’s one non-reportable total, so no category figure here includes them.
- A trader’s category reflects their main business, not the purpose of any one position. A fund classified as Leveraged Funds may be hedging; a producer may be speculating.
- Futures only. Options positions, and any exposure held off US futures exchanges, are not in this file at all — for currencies in particular, the futures book is a fraction of the market.
- The report describes the preceding Tuesday. By the time it is published on Friday the positions it describes are three days old, and they may already have changed.
- A high or low rank says how stretched positioning is against its own recent history. It says nothing about when, whether, or in which direction that unwinds.
Questions about this page
Which CFTC report covers Euro FX futures?
The Traders in Financial Futures (TFF) report, futures only: options are not included. This page reads the CFTC’s TFF futures-only dataset, gpe5-46if on publicreporting.cftc.gov, and in it the row named EURO FX (CFTC contract code 099741). Of the rows whose name contains “EURO FX” it takes the one with the largest open interest, leaving out the euro cross-rate contracts, whose names contain XRATE. The net position is lev_money_positions_long minus lev_money_positions_short on that row.
Who are the leveraged funds in the Euro FX figures?
The Euro FX figures on this page are for Leveraged Funds, a trader category in the CFTC’s Traders in Financial Futures report. The CFTC’s explanatory notes describe them as typically hedge funds and various types of money managers, including registered commodity trading advisors (CTAs), registered commodity pool operators (CPOs) and unregistered funds identified by the CFTC; their strategies may be outright positions or arbitrage within and across markets. The CFTC assigns each trader to a category by its main business, not by the purpose of any one position, so a fund counted here may be hedging.
How current is the Euro FX figure?
It describes positions held on the Tuesday of the report week. The CFTC publishes the report that Friday at 15:30 ET, and a US federal holiday moves the release to the following Monday, so the positions are at least three days old when they come out. Meaterm’s copy of the CFTC file refreshes every six hours and this page rebuilds at most once an hour, so a new report can take up to about seven hours after its release to appear here.
Every market in this week’s report: the weekly COT table. What the report is and who files it: the COT report explainer.
Research only, not financial advice. Meaterm is a research and analysis platform: it does not execute trades, does not manage money and does not make recommendations. Positioning data is sentiment context for your own work, not a signal to buy, sell or hold anything. See the risk disclaimer and the positioning methodology.